Reference no: EM132762183

Question - Jim Reed manages a fleet of utility trucks for a rural county government. He's been in his job for 30 years, and knows where the angles are. He makes sure that when new trucks are purchased, the salvage value is set as low as possible. Then, when they become fully depreciated, they are sold off by the county at residual value. Jim makes sure his buddies in the construction business are first in line for the bargain sales, and they make sure he gets a little something back. Recently, a new county commissioner was elected with vows to cut expenses for the taxpayers. Unlike other commissioners, this man has a business degree, and he is coming to visit Jim tomorrow. What questions should he be asking Jim and how could he prevent the fraud depicted here? Compare your response with two classmates.